The cryptocurrency market experienced a massive surge over the last few days. Bitcoin (BTC) hit a new all-time high of $93,477.11 on Nov. 13. 2024. The rally was most likely triggered by Donald Trump winning the US Presidential race. Investor sentiment may have increased due to Trump’s pro-business and pro-crypto stance. Market participants anticipate lenient crypto regulations under Trump’s leadership.
Despite the incredible performance over the last few days, the cryptocurrency market seems to be facing a correction right now. The global crypto market cap has fallen 4.5% in the last 24 hours and currently sits at $3.03 trillion. The dip could be due to investors booking profits after the recent surge.
That said, let’s look at three crypto assets you could watch over this weekend.
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Top 3 Cryptocurrencies To Watch This Weekend
1. Bitcoin (BTC)
BTC is the market leader, and other assets follow its lead. The recent market dip is also likely led by BTC. If we enter another market-wide rally, BTC will likely be the first mover.
Many analysts anticipate the original cryptocurrency’s price to go even higher. In a report, Standard Chartered predicted BTC to hit $125,000 if Donald Trump won the US Presidential election. With Trump back in the White House, BTC is yet to make its way to $125k.
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2. Solana (SOL)
Source – Bitcoinist
SOL reclaimed the $200 level for the first time since April. The asset has made quite a comeback after its collapse in November 2022 when FTX went bust.
Standard Chartered believes the fourth-largest cryptocurrency project will outperform BTC, Ethereum (ETH), and others under a Trump administration. The bank predicts SOL to rally by at least 400%.
3. Dogecoin (DOGE)
Source – Allinstation
DOGE has outperformed many major cryptocurrency assets over the last few days. The memecoin began gaining traction after Elon Musk was appointed head of the new Department Of Government Efficiency. (D.O.G.E.).
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DOGE may continue to climb the charts over the next few days and may even hit a new all-time high very soon.
